The IFRS Compliance Footnote and the following excerpt from HSBC Holdings plc's IFRS compliance footnote, then respond with International Financial Reporting Standards HSBC Holdings have been prepared in accordance with IFRSs as issued by the IASB. The consolidated financial statements of HSBC and the separate financial statements of including interpretations issued by the IFRS Interpretations Committee, and as endorsed by the European Union ('EU'). At 31 December 2017, there were no unendorsed stan- dards effective for the year ended 31 December 2017 affecting these consolidated and financial statements, and HSBC's application of IFRSs results in no differences between IFRSs as issued by the IASB and IFRSs as endorsed by the EU. (Source: HSBC pre questions that follow. Holdings Plc, Annual Report and Accounts 2017. Note la page 186.) The International Research Environment 1 Basis of preparation Compliance Now YOU Try 12.15 separate Questions: Does HSBC comply in full with IFRS, and does it also comply with "IFRS as endorsed by the EU? 1 What is one potential factor that could give rise to differences between IFRS and IFRS as endorsed by the EU